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Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin - Business (7) - Nairaland

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Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by RomanGreen: 2:45am On Apr 13, 2022
Mooh247:
cool


Show me one fortune 100 company that isn't guilty of white collar fraud

If the mumu David Hundeyen kills all startup to rise in journalism... I hope his fellow jobless twitter miscreants won't blame Buhari for not creating jobs

Now the news would create shock and loss due to stock price fall as investors may want to divest



.

You're very disgusting, I doubt if you read the whole article, if you did and still have this mindset then I'm sorry for you. Y'all think everyone has biased mind as you are.

2 Likes

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by Lifestone(m): 3:03am On Apr 13, 2022
I read the whole article and ir was full with gossip, non factual colored in lengthy sweet narration to maligned and get back on the CEO. I was actually expecting very revealing details but non.
Share option is very common incentive in the tight corporate world and no where, I repeat, no where are employees allowed to sell their shares to just anyone, it is closely controlled.
Where is the sexual harassment that herald this cooked article, in the whole write up, non, he only spoke about two adult in a suspicious consensual relationship.
He claimed GB was still at the bank Access Bank while developing the company, where else should he be, when he wasn't sure about the success of the new company.
This whole writeup is a shameful desperate attempt to pull down the company to appease some aggrieved ex-staff.
What else did he said, nothing. More hype than fact. I was disappointed.
But why are people as wicked as this piece written by David. I am positive that his days will come.

6 Likes 1 Share

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by Lifestone(m): 3:16am On Apr 13, 2022
Kpengla:
Flutterwave is a criminal organization
Am sure you didn't read that sham of an article. It's empty Bro
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by Ykc2(m): 3:27am On Apr 13, 2022
Viraltrends123:
People always trying to draw their own down in this country, from hatred for dangote, saying he is fg made billionaire, to this guy. some of American billionaires admit they sold cocaine to be where they are today, Jeff bezos, Amazon CEO also received massive support from US government, We saw how US stop hauwaii and xiomi from gaining dominance, they made sure Apple reigns despite the bad history of their board of directors, they are more interested in what the company will big to the nation, US is by far the country with the most billionaires. And they are ready to do create more, and not spoil the little the have.

In Nigeria, our Aba made product was gaining dominance small small, not until we Nigerians we localized it, any small things that is fake we call it Aba made, here in Nigeria we never complained when companies like indomie, that french blue carton sugar, honeywell cheese balls owned by white people were gaining dominance, but when dangote started his own, his cements, sugar, that's when we remember what Monopoly is, many people would have become billionaires in this country, custom officials have ruined their careers, custom officers are Nigerians ooo. Here we tackle evil people around us that those outside. What a wrong country to be in.
go invest in that companu
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by playboy19(m): 4:19am On Apr 13, 2022
djon78:




You see the problem we have been speaking about

Most of you will come and be blaming Buhari, but you all are worse off

David is a hero for unraveling the rot in the system

And there is nothing you guys can do to him
Absolutely nothing

The greatest legacy in this life is to stand by the side of truth

David Hundeyin is a hero, an asset to younger generation of upcoming Nigerians

I have never seen such an inspirational young man

Like I said

Nothing will be done to David

He is safely residing presently in the West

You guys should expect much expose from him

No, the problem is some of us are not simpletons like people like you. We are wise enough not to take anything just by their face value. We are wise enough to know that a true journalist must report both sides of a story and let the readers be the judge (fair hearing), we are wise enough to know that anything aside from that is partisan and a PR. We are wise and educated enough to know that a company is a different entity from it's sponsors, hence you don't throw the baby away with the water. We are wise enough to know that even if the GB guy lacks discipline and he's culpable of all he was alleged of, you don't go with the intent of destroying the whole company.

Anyone with half a brain can easily see through the whole so-called article for what it really is, a campaign of vengeance against a formal lover. The whole account is from "a" bitter Ex ( all those other pseudos are fabricated) and the David guy is just using the whole gist to advance his own career.

Am I making a case for the GB guy, No! But the company is a pride of Nigeria and Africa and this kid is trying to destroy the dreams and aspirations of so many investors and workers of the company just because of one guy. Like I said, the David guy should be thankful he's not dealing with a combative individual like myself because if I was the chairman of the company, I will first sacrifice the GB guy publicly, then go after the David boy with all my might for trying to destroy that company and its people.

And just in case you still don't understand his sin, it's like trying to destroy a whole Nigeria (with you and I as citizens) just because of Buhari. I hope it's clear now.

4 Likes

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by XYZo: 5:04am On Apr 13, 2022
playboy19:


No, the problem is some of us are not simpletons like people like you. We are wise enough not to take anything just by their face value. We are wise enough to know that a true journalist must report both sides of a story and let the readers be the judge (fair hearing), we are wise enough to know that anything aside from that is partisan and a PR. We are wise and educated enough to know that a company is a different entity from it's sponsors, hence you don't throw the baby away with the water. We are wise enough to know that even if the GB guy lacks discipline and he's culpable of all he was alleged of, you don't go with the intent of destroying the whole company.

Anyone with half a brain can easily see through the whole so-called article for what it really is, a campaign of vengeance against a formal lover. The whole account is from "a" bitter Ex ( all those other pseudos are fabricated) and the David guy is just using the whole gist to advance his own career.

Am I making a case for the GB guy, No! But the company is a pride of Nigeria and Africa and this kid is trying to destroy the dreams and aspirations of so many investors and workers of the company just because of one guy. Like I said, the David guy should be thankful he's not dealing with a combative individual like myself because if I was the chairman of the company, I will first sacrifice the GB guy publicly, then go after the David boy with all my might for trying to destroy that company and its people.

And just in case you still don't understand his sin, it's like trying to destroy a whole Nigeria (with you and I as citizens) just because of Buhari. I hope it's clear now.

It is very easy to see through you already .

You are GB personified . You would rather pll al the stunt with your might to bring down David Hundeyin the return from your evil ways .

Did you not read about the fraudulent transactions of Flutterwave by users of their platform ?

I guess you are also an emterpreneur ith sorry doings as well . Else , you wouldn't stand for nonsense angry

7 Likes

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by EagleNest(m): 5:13am On Apr 13, 2022
Infact after Abba Kyari was de-masked, my little hope about Nigeria fizzled out to oblivion. The shock on me was a high volt one. I conclude that "Everything Goes" in Nigeria!!! Do as you like and don't be found out!!!

The reality is that none of the big names in Nigeria fin world is a saint, elemelu, ovia, ibru, akingbola, atuche, etc and chairman of banks. It's a world of wolfs and hyenas.

3 Likes

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by XYZo: 5:26am On Apr 13, 2022
Landmack:


the guy don chop and soak himself for enough egbesu. is badagry jazz a joke to u?!

He doesn't have any jazz bro . He is just in a place where he is safe . Thats al
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by Goldbw122(m): 5:34am On Apr 13, 2022
My God protect the journalist. AMEN.

1 Like

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by JUMO95: 5:46am On Apr 13, 2022
Morribus:
Wow

Who is now a Saint in this country
certaily not me
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by jaxxy(m): 5:47am On Apr 13, 2022
ETHICALLYrlght:
The flutterwave chronicle is the biggest exposé of the Nigerian Fintech space that is saturated with founders whose backgrounds and antecedence do not corroborate their sudden success narratives.

If you didn't read David Hundeyin's publication, my summary is as follows:

1. The villain of the story was an influential Access Bank staff who used Access Bank's name and identity to secure investment for his flutterwave startup.
Moral Lesson: I do not blame entrepreneurs like Dangote who hire many Indian professionals in management.

2. The same villain reneged on his agreement with one of the foremost employees and executive of the firm regarding an important oral shareholding agreement.
Moral Lesson: Always write down and sign every agreement even with family.

3. The same villain employed the counsel who was holding brief for the aggrieved ex-employee at the National Industrial Court. The counsel abandoned the claimant and represented the defendant.
Moral Lesson: The Rules of Professional Conduct for Legal Practitioners in Nigeria prohibits a counsel from representing an opponent in a particular case. There are no rules when money is involved in Nigeria.

4. The same villain sexually abused another employed victim for years and proceeded to influence her new employer after she left flutterwave.
Moral Lesson: We should support our girls, sisters, daughters and nieces! They are endangered even in the most formal and literate spaces in this country .

5. The same villain sells stocks valued at $20 for less than $4 behind closed doors.
Moral Lesson: You're a sheep if you still think that forces of demand and supply determine prices at the stock exchange and money market. Prices are controlled by mafias.

I hope one day we'll comprehend how young men whose start-ups have less than half-a-million apps download on both APPLE Store and Google Play Store were able to dash Big Brother Naija 2billion Naira as headline sponsors grin


Hmmmm
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by Cutehector(m): 5:49am On Apr 13, 2022
Wow, such an expose.
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by CSNg: 6:39am On Apr 13, 2022
SocialJustice:
They ate Access bank, Arik air and Mastercard money, who are you that they can't eat your money? cheesy


My brother grin grin
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by AlphaTaikun: 6:56am On Apr 13, 2022
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by Miyachi: 7:04am On Apr 13, 2022
playboy19:


Well, perhaps he has some more damning information than this, but until he post them, this right here is hogwash. I personally have not seen any insider trading for now. And if you guys are referring to the buy-back activities with the stock options, then it's nonsense because most stock options comes with a first-right-of-refusal clause.

It is insider trading.

https://www.lexology.com/library/detail.aspx?g=e24dc4ab-2a77-43d9-8a78-9ea46eca1aca#:~:text=The%20insider%20trading%20laws%20apply,private%20companies%20and%20employee%20shareholders

TL;DR

1. The insider trading laws apply to private companies as well as to public companies, and to transactions with employees and employee stock plans as well as with third-party shareholders.
Moreover, this case emphasizes that the SEC will prosecute cases involving private companies and employee shareholders.

2. The SEC believes that valuations used as a basis for buying shares from employees should be current as of the date of purchase when companies tell their shareholders that purchases will be made at current “fair market value.”

3. Family-owned companies should beware of behavior that could suggest that the family is using its control position to increase its ownership percentage at the expense of employees and other shareholders.
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by timefarm(m): 7:56am On Apr 13, 2022
RCDIY:


You seem confused. One one hand, you think he's rambling and jealous.
On the other, you you believe some of the information are true.

You're definitely confused

I hope you have read Iyin rebuttal this morning.
Go and read it before 'jam talking'.

Try to understand complex simple thing.
He didnot deny he was involved in office romance. So that part of it was true. From the narrative and the screenshot of the lady he posted, it was not a coerced relationship or taking advantage of. However other things listed are majorly rambling
So how is it you dont get simple thing I said?

2 Likes 1 Share

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by timefarm(m): 7:58am On Apr 13, 2022
Viltron:


The US will pin him down very soon
We will wait for that.
Not some absurd media trial.

1 Like

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by timefarm(m): 8:00am On Apr 13, 2022
samuelson06:


Every evil always have a day of reckoning. Today is the day of reckoning for Flutterwave.

There's nothing you or anyone can do about it.

If you are someone that patronizes evil, just know your day of reckoning is fast approaching. No two ways about it.

You can't be too smart.

Nothing can be hidden under the sun.

Evil can only enjoy the luxury of time to remain hidden. Eventually, it's exposed.

Shame to all evil doers and patronizers.
Lol.
Day of reckoning you say.
This day of reckoning as it appear is a ruse.
I will wait for a better one.

1 Like

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by AlphaTaikun: 8:22am On Apr 13, 2022
ETHICALLYrlght:
The flutterwave chronicle is the biggest exposé of the Nigerian Fintech space that is saturated with founders whose backgrounds and antecedence do not corroborate their sudden success narratives.

If you didn't read David Hundeyin's publication, my summary is as follows:

1. The villain of the story was an influential Access Bank staff who used Access Bank's name and identity to secure investment for his flutterwave startup.
Moral Lesson: I do not blame entrepreneurs like Dangote who hire many Indian professionals in management.

2. The same villain reneged on his agreement with one of the foremost employees and executive of the firm regarding an important oral shareholding agreement.
Moral Lesson: Always write down and sign every agreement even with family.

3. The same villain employed the counsel who was holding brief for the aggrieved ex-employee at the National Industrial Court. The counsel abandoned the claimant and represented the defendant.
Moral Lesson: The Rules of Professional Conduct for Legal Practitioners in Nigeria prohibits a counsel from representing an opponent in a particular case. There are no rules when money is involved in Nigeria.

4. The same villain sexually abused another employed victim for years and proceeded to influence her new employer after she left flutterwave.
Moral Lesson: We should support our girls, sisters, daughters and nieces! They are endangered even in the most formal and literate spaces in this country .

5. The same villain sells stocks valued at $20 for less than $4 behind closed doors.
Moral Lesson: You're a sheep if you still think that forces of demand and supply determine prices at the stock exchange and money market. Prices are controlled by mafias.

I hope one day we'll comprehend how young men whose start-ups have less than half-a-million apps download on both APPLE Store and Google Play Store were able to dash Big Brother Naija 2billion Naira as headline sponsors grin

Flutterwave is a "unicorn" tech coy with foreign investors, so it is not
a wholly Nigerian tech coy. The
company can afford to sponsor
specific projects within it's finances.

Second, the issue of individual morality cuts across all strata of existence regardless of race. The Indians and/or Chinese for example may seem to have high work-ethics, but for decades now, I've observed that even their societies are not immune to fraud.

Third, insider trading happens in Western and Asian countries too
so this isn't new. It's the country-specific regulatory agencies that would have to detect and punish
all cases of insider trading.
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by samuelson06(m): 8:30am On Apr 13, 2022
timefarm:

Lol.
Day of reckoning you say.
This day of reckoning as it appear is a ruse.
I will wait for a better one.

It's a ruse to you but not to investors. It's a ruse to you but not to me.

Don't forget this ruse is online and the world now knows Flutterwave for what it is - a grand fraud.
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by Olatara(f): 8:31am On Apr 13, 2022
Mooh247:


I am a full proud supporter of a Capitalist world.. socialism is for weakling and lazy over entitled grown adults

Even after God practiced Socialism and Welfarism in the Garden of Eden Human abused it and God himself made capitalism the best for man kind
What did I just read with my two korokoro eyes.
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by timefarm(m): 8:35am On Apr 13, 2022
samuelson06:


It's a ruse to you but not to investors. It's a ruse to you but not to me.

Don't forget this ruse is online and the world now knows Flutterwave for what it is - a grand fraud.
Ok.
https://www.nairaland.com/7076270/rebuttal-lies-flutterwave-david-hundeyin

Check it out to see Iyin response exposing lies of David. Iyin is the founding CEO of flutterwave. David claim he was booted out. This man ought to be mostly in support of David's claim and not rebutting it.

Or go to his Twitter page yourself.
Truth is not as it was presented.
Read both sides and make your decision.

Thank you.

1 Like

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by Mooh247: 8:35am On Apr 13, 2022
Olatara:
What did I just read with my two korokoro eyes.

It is what it is Comrade
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by CSTRR: 9:43am On Apr 13, 2022
Let us be careful to differentiate the business from the founder.

Flutterwave is a successful business that will be among the future of Nigeria.

The management should be investigated and prosecuted and jailed if found guilty of insider trading.

1 Like

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by ManOfSon: 9:44am On Apr 13, 2022
Siberia01:


Who has time to read that

Nobody. Apparently, because it's not Toto Dike, Bobrisky or some story about a naked butt. You'll sit down, cross legs and read every word like you're writing an exam on it!

5 Likes

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by Slayar: 10:43am On Apr 13, 2022
Mehnnnnm, David Hundeyin na bahd guy.
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by Joeyjones(m): 11:33am On Apr 13, 2022
Viraltrends123:
People always trying to draw their own down in this country, from hatred for dangote, saying he is fg made billionaire, to this guy. some of American billionaires admit they sold cocaine to be where they are today, Jeff bezos, Amazon CEO also received massive support from US government, We saw how US stop hauwaii and xiomi from gaining dominance, they made sure Apple reigns despite the bad history of their board of directors, they are more interested in what the company will big to the nation, US is by far the country with the most billionaires. And they are ready to do create more, and not spoil the little the have.

In Nigeria, our Aba made product was gaining dominance small small, not until we Nigerians we localized it, any small things that is fake we call it Aba made, here in Nigeria we never complained when companies like indomie, that french blue carton sugar, honeywell cheese balls owned by white people were gaining dominance, but when dangote started his own, his cements, sugar, that's when we remember what Monopoly is, many people would have become billionaires in this country, custom officials have ruined their careers, custom officers are Nigerians ooo. Here we tackle evil people around us than those outside. What a wrong country to be in.
What you're saying isn't entirely true. Americans criticize Jeff Bezos alot because of the working conditions he gives to his staff. Mark Zuckerberg has gone to court many times for violating Customer privacy. Even Google has faced many law suites in the us for violating customer privacy. Just because they are rich doesn't mean we should neglect their bad behavior.

3 Likes

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by Calmthrottler(m): 12:02pm On Apr 13, 2022
This is actually the first time I am willing and happy to read a detailed epistle as this,, big UP's David we need more of this... We complain so much of those in political office's but there are so many people with corruption in there blood. Truth will prevail

1 Like

Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by Kingofhoes: 12:10pm On Apr 13, 2022
Akinsete19:
Nigerians and fraud, a typical Nigerian will condemn those who stole little money, but deep down the lane, the same individual is a chronic fraudster.

Its business practices known every where. Not just Nigerians participate in this madness and insane level of corruption. American Bussiness men will even do worse, sometimes even have the opposition killed. Don't just limit it to Nigerians. It's far wirse outside our shores
Re: Fraud, Perjury, & Insider Trading At Flutterwave - David Hundeyin by Akinsete19(m): 12:13pm On Apr 13, 2022
Kingofhoes:


Its business practices known every where. Not just Nigerians participate in this madness and insane level of corruption. American Bussiness men will even do worse, sometimes even have the opposition killed. Don't just limit it to Nigerians. It's far wirse outside our shores
It is the hypocrisy I am talking about.

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